Group 1 - The current total holdings of the largest gold ETF, SPDR Gold Trust, stand at 947.64 tons, unchanged from the previous trading day [6] - On July 15, spot gold prices experienced a decline after reaching a high of $3366.41 per ounce, closing at $3324.6 per ounce, down $18.74 or 0.56% [6] - Recent U.S. inflation data showed that both the June CPI and core CPI exceeded previous values, but core CPI has been below expectations for five consecutive months, indicating that tariff impacts on inflation are not fully realized [6][7] Group 2 - Market expectations suggest a 62% probability that the Federal Reserve will cut interest rates by 25 basis points in September, with potential for nearly two cuts by the end of the year [6] - Analysts indicate that the lower-than-expected core CPI has raised questions about the extent of consumer price impacts from tariffs, potentially prompting President Trump to advocate more strongly for rate cuts [7] - Technical analysis shows that gold prices may consolidate, with resistance at $3350 and potential targets of $3400 and $3450 if broken, while a drop below $3300 could lead to testing the 100-day moving average at $3245 [6]
黄金ETF持仓量报告解读（2025-7-16）技术指标中线徘徊黄金将盘整
Sou Hu Cai Jing·2025-07-16 04:36